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An update from Leon’s Furniture ( (TSE:LNF) ) is now available.
Leon’s Furniture Limited reported its financial results for the fourth quarter of 2024, highlighting a 3.2% decrease in system-wide sales and a 2.9% drop in revenue due to overseas shipping delays affecting furniture inventory. Despite these challenges, the company achieved a 37.8% increase in adjusted net income, partly due to a one-time legal settlement gain, and maintained strong liquidity with $513.2 million available.
More about Leon’s Furniture
Leon’s Furniture Limited (LFL) is Canada’s largest home retailer, specializing in furniture and appliances. The company focuses on providing a wide range of home furnishing products across Canada, leveraging its extensive retail network.
YTD Price Performance: -1.09%
Average Trading Volume: 16,254
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.74B
Find detailed analytics on LNF stock on TipRanks’ Stock Analysis page.